Africa Tech Summit Nairobi has announced ten African tech ventures that will showcase their solutions to a diverse audience of industry experts, investors and fellow innovators on February 14th and 15th. While African startup funding declined in 2023, the investment showcase continues to foster collaborations and stimulate investment opportunities to bridge the funding gap in […]
Category Archives: Startups
startups
SA Innovation Summit CEO Buntu Majaja looks back at this year’s successes and quantifies next year’s opportunities.
Startups
Africa’s most active startup investor, Techstars, Announces 12 new investments through its Africa- focused program in partnership with ARM Labs
Techstars, the most active startup investor in Africa, has announced its second cohort of 12 companies to participate in its pan-African accelerator program in partnership with Lagos-based innovation program, ARM Labs. Following a successful inaugural program, the ARM Labs Lagos Techstars Accelerator will build upon its commitment to helping entrepreneurs that are changing Africa and the world.
Nigerian startups continue to enhance their reputation as some of the most innovative and dynamic players in the continent’s startup ecosystem, after the region walked away with three top awards at the Global Startup Awards (GSA) Africa Summit recently held in Addis Ababa.
Egypt News, Ethiopia News, Kenya News, Nigeria News, Startups
Global Startup Awards Africa Announces 16 Category Winners Innovating for a Global Africa at the history-making Summit in Addis Ababa, Ethiopia
The announcements were recently made at the GSA Africa Summit in Addis Ababa, Ethiopia. Joined by Her Excellency Muferihat Kamil, Ethiopia’s Minister of Labour and Skills and His Excellency Dr Belete Molla Getahun, Ethiopia’s Minister of Innovation and Technology, the summit’s grand finale at Addis Ababa’s Friendship Park has proved a significant event. The GSA Africa awards began in 2021, a journey that has led to over 15,000 African innovators nominated from 54 countries, the support of 300 jury members, ambassadors, and hundreds of innovation hubs across the continent.
Africa’s recent growth surge has created a large group of companies already scaling successfully, while the current market environment has reduced the capital available.
This untapped potential between high quality investment demand and reduced capital supply extends to various commercial sectors, including logistics, HR, and insurance, all presenting significant high value “white spaces” waiting to be filled.
In the article, Victor Basta, CEO of DAI Magister, discusses how investors can capitalise on these ‘white spaces’, by prioritising developed digital sectors and taking advantage of the $10-25 million funding gap.
A low-growth economy, high unemployment and the mounting pressures posed by the ongoing energy crisis have continued to weigh heavily on start-ups in Southern African over the past year.
The upcoming Global Startup Award (GSA) Africa Summit, scheduled from 25-27 October at the Ethiopia Arts & Science Museum in Addis Ababa, is a monumental occasion for Ethiopia, a potential-laden country, signalling a significant milestone in the country’s entrepreneurial journey.
Celebrating the Winners and Encouraging Growth: Insights from the Technology Innovation Agency’s Pitching Competition at the SA Innovation Summit
This 7th edition of the business forum expects more than 3000 participants and will gather 250 startups and 50 investors from 70 different countries. Topics at the heart of the discussions will include environmental challenges, artificial intelligence, female entrepreneurship, startup financing, the Olympic Games, and above all positive innovation between the African and European continents.